Nifty Bulls unable to break gann resistance zone, EOD Analysis

FII’s bought 2.7 K contract of Index Future worth 154 cores ,8.9 K Long contract were added by FII’s and 6.2 K short contracts were added by FII’s. Net Open Interest increased by 0.3 K contract, so rise in market was used by FII’s to enter long and enter shorts in Index futures. Want to be a Good trader Move out of your comfort zone

As discussed last Analysis8710-8732 is crucial range for bulls as its gann resistance and 8601-8610 is support on downside below which bears will start warming up again. Between the range choppy move continue. High made today was 8737 so bulls were unable to breach the gann resistance zone, Its been 4 trading days in which bulls were not able to break the resistance zone, Now bears if they break below 8656 can see fast impulsive fall towards 8600/8555. Bullish only on close above 8750 for a move towards 8840/8900. Bank Nifty continue to trade above 19700,EOD Analysis

Nifty Oct Future Open Interest Volume is at 1.65 core with liquidation of 16.3 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @8777,corrected 250 points from that